Oil India (NSE:OIL) Interest Expense : ₹-10,117 Mil (TTM As of Dec. 2024)

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What is Oil India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oil India's interest expense for the three months ended in Dec. 2024 was ₹ -3,037 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-10,117 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Oil India's Operating Income for the three months ended in Dec. 2024 was ₹ 20,542 Mil. Oil India's Interest Expense for the three months ended in Dec. 2024 was ₹ -3,037 Mil. Oil India's Interest Coverage for the quarter that ended in Dec. 2024 was 6.76. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Oil India Interest Expense Historical Data

The historical data trend for Oil India's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Oil India Interest Expense Chart

Oil India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-6,466.80

-6,604.70

-7,827.00

-8,138.30

-9,160.60

Oil India Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-2,362.20	-1,867.40	-2,417.30	-2,795.20	-3,037.30

Oil India Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-10,117 Mil.

Oil India (NSE:OIL) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Oil India's Interest Expense for the three months ended in Dec. 2024 was ₹-3,037 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹20,542 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Oil India's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	20542.2	/	-3037.3
	=	6.76

The higher the ratio, the stronger the company's financial strength is.

Oil India Business Description

Industry

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533106:India

Address

Plot No. 19, Sector - 16A, Near Film City, Noida, UP, IND, 201301

Website

https://www.oil-india.com

Oil India Ltd. engages in the exploration, development, and production of crude oil, natural gas, and liquefied petroleum gas. It also transports and refines crude oil, and provides various exploration and production services. Crude oil sales are the revenue generator for the firm. Oil India counts on a variety of different systems and processes to acquire reservoir information and to interpret geo-scientific data. The company has experience in managing the entire range of operations required for onshore oil and gas production. It has built expertise in wellbore servicing, installation, operation, and maintenance of modern surface handling facilities.